Engineering Economics IV

Time Value of Money II Time-Varying Interest Rates When the interest rate changes over time, each cash flow must be accumulated using the interest rat

Engineering Economics III

Time Value of Money I Simple and Compound Interest Interest and Interest Rate Let P=\text{principal},\qquad i=\text{interest rate per period} We want

Engineering Economics II

Firms and Financial Statements The Firm Shareholders vs. Debtholders Shareholders（股东） A firm’s owners are called shareholders (also called stockholder

Engineering Economics I

Introduction What is Economics Economics is the study of how people choose to use resources. 经济学研究的是人如何选择使用资源。 Resources include money, land, equipmen

Introduction to Financial Engineering

Interest Rate Theory, Cash Flow Analysis, and Bonds Interest Rate Theory Time Value of Money Interest is the result of the time value of money. Money